Coforge, an IT company, has allotted 19,179 equity shares to its employees on 3 December, 2023. This decision from its ESOP Allotment Committee is a part of its Employee Stock Option Plan.
Each share will have a face value of Rs 10, as stated in an exchange filing by the company. Furthermore, the company stated that it is currently in the process of fulfilling additional formalities related to the issuance and listing of the mentioned shares.
The company has obtained share application money in connection with the mentioned allotment, totalling Rs. 1,91,790.
As a result of this allotment, the company’s paid-up share capital has increased to 6,16,28,354 equity shares, each with a face value of Rs 10, amounting to a total of Rs. 61,62,83,540.
Coforge is a multinational IT solutions and services company. Formerly known as NIIT Technologies, the company rebranded itself as Coforge in 2020 to reflect its evolution and transformation. Headquartered in Noida, India, Coforge operates globally, providing innovative solutions in areas such as digital transformation, IT consulting, and business process outsourcing.
With a focus on technology-driven solutions, Coforge serves a diverse range of industries, including financial services, healthcare, travel, and hospitality. The company is recognised for its expertise in delivering cutting-edge services such as cybersecurity, artificial intelligence, and data analytics.
Coforge has established itself as a reliable partner for businesses seeking to navigate the complexities of the digital landscape.
